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Modern Medical Office Building
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580 N Cable Rd, Lima, OH 45805

Professional facility with exam rooms, administrative areas, and access from two roads.

Property Size6,200 SF
Lot Size1.14 Acres
Price / SF$460.23
Days on Market184

Property Features for 580 N Cable Rd

General Information

Standard status Active
Size 6,200 SF
Class A
Lot size 1.14 Acres
Property subtype Office
Zoning See Remarks
Lease Type Modified Gross
Investment Type Value Add

Additional Details

Gross Income $88,102
Road Access Yes
Office Units 1

Building Details

Year Built 2009
Year Renovated 2025
Buildings 1
Stories 1
Units 64
Tenancy Single
Building Size 6,200 SF
Listing Agency: Superior PLUS Realtors
Listed By: Tim Stanford · License #BRKP.0000331263-Ohio
Source: Crexi
Added: Apr 16 Changed: Oct 1 Last Checked: Oct 16 at 6:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Superior PLUS Realtors

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Investment Insights

Based on property information with market context.

Built in 2009, this professional office property is configured for medical use with specialized exam rooms and administrative areas. The building is positioned on a 1.14-acre site and includes more than 28,000 square feet of asphalt paving. Dual access is provided from North Cable Road and Columbia Drive.

The main office building is located in a Class II Business Wholesale district, while the east parking area is within a professional Office District. The southern portion at 517 Columbia Drive carries Class III Residential Apartment zoning and has approval for a potential 20-unit student housing development. The existing lease includes two successive one-year extension options and 2% annual rent increases.

Key Highlights

  • 6,200 square foot professional office building constructed in 2009
  • Medical configuration includes specialized exam rooms and administrative areas
  • 1.14‑acre site with over 28,000 square feet of asphalt paving

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby

Demographics for 45805, OH

22,740
Population
10,560
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,558
Density / Sq Mi
$65,954
Median Household Income
$37,126
Median Earnings
$944
Median Rent
$153,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Professional facility with exam rooms, administrative areas, and access from two roads.
Where is this office building located?
The property is located at 580 N Cable Rd Lima, OH.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 6,200 square foot professional office building constructed in 2009; Medical configuration includes specialized exam rooms and administrative areas; 1.14‑acre site with over 28,000 square feet of asphalt paving
(419) 230-2421 Call to check price and availability
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